Author: Lucas

Gold, Silver Price Latest Updates: Gold prices surged for the fifth session straight on Tuesday, March 3. Meanwhile, silver prices turned positive despite closing in the red on Monday, amid rising tensions in the Middle East.The COMEX gold rate today was nearly up 1%, trading above the $5,300 level. Likewise, COMEX silver rate today opened in green and touched an intraday high of $91.61 per ounce.Back home, the Multi Commodity Exchange (MCX) will remain closed for trading in the first half on Tuesday, March 3, on account of Holi 2026, with trading resuming in the evening session from 5 pm…

Some major processors are looking at run cuts of 20 to 30% as dozens of oil-laden tankers remain stuck in the Persian GulfPublished Tue, Mar 3, 2026 · 03:55 PM[SINGAPORE] Asian oil refiners are considering reducing operating rates as the widening Middle East war and difficulties shipping through the Strait of Hormuz threaten their access to crude. Some major processors are looking at run cuts of 20 to 30 per cent as dozens of oil-laden tankers remain stuck in the Persian Gulf, said people with knowledge of these deliberations. Chinese and Japanese refiners – particularly state-owned and larger companies –…

Quick Summary Strategy increased its STRC preferred stock dividend by 25 basis points to 11.50% for March 2026 — marking the seventh boost since STRC’s debut in July 2025. MSTR shares dropped 14% during February, extending its losing streak to eight consecutive months. STRC is structured to maintain trading close to its $100 par value; shares closed at $100 on Friday. The company disclosed a $12.4 billion net loss for Q4 2025; MSTR has plunged approximately 75% from its November 2024 high of $543. CEO Phong Le indicated Strategy will transition from common stock issuance to preferred stock offerings for…

Gold is finding renewed bids in Asian trades on Tuesday, making another attempt to regain the $5,400 level amid persistent demand for safe-haven assets as the Iran war extends.  Gold cheers US-Iran geopolitical escalationA softer risk tone remains in play as US President Donald Trump continues to threaten deeper escalation to the ongoing war with Iran, warning that a “big wave” is yet to come.Trump vowed to respond to an attack on the US embassy in Riyadh and to the deaths of US military personnel during the Iran conflict.Late Monday, a Saudi Defense Ministry spokesperson confirmed that the US Embassy in…

How We Rated Home Insurance CompaniesU.S. News & World Report publishes independent reports to empower consumers making important decisions about their lives. We analyzed major home insurance companies in the U.S., focusing on what matters most to consumers: price, claim handling, coverage, discounts and customer service. Here’s a breakdown of our process.We Chose the Providers You Care AboutWe identified 27 insurance companies in the U.S. through our in-depth online research on the topic. From there, we narrowed our focus by state availability and complaint data from the National Association of Insurance Commissioners, a regulatory support organization that provides a database…

House prices in the UK increased in February, avoiding a repeat of the “negative speculation” that depressed the market before last November’s budget, as Rachel Reeves prepares to present the spring forecast on Tuesday.The average price of a home rose to £273,176 last month, up by 0.3% from the month before, according to Nationwide, the UK’s biggest building society. It matched January’s monthly increase, and was above analysts’ forecasts of a 0.2% gain. The annual growth rate remained steady at 1%.The chancellor’s imminent forecast has not led to a slowdown in the housing market, as speculation around property tax changes…

SoFi Technologies Inc (NASDAQ:SOFI) shares are rising in extended trading on Monday after CEO Anthony Noto bought approximately $1 million of company stock.SoFi CEO Buys Company StockNoto disclosed in an SEC filing that he bought 56,000 shares of SoFi common stock at an average price of $17.88 on Monday. The SoFi chief made multiple purchases ranging from $17.50 to $18.21 for a total cost of approximately $1 million.Noto now owns approximately 11.68 million shares of SoFi common stock, according to the filing. How To Buy SOFI StockBesides going to a brokerage platform to purchase a share — or fractional share — of…

What’s causing silver rates to fall? Silver rates made a sharp U-turn in Monday’s trade, tumbling more than 5 per cent in international trade and taking its losses to 7.6 per cent from their intraday highs.On COMEX, silver was last seen trading 5.2 per cent lower at $88.4 per ounce in a fall analysts attributed to a combination of factors such as:Weakening Industrial Demand: Weaker-than-expected demand from key industrial sectors — that use silver heavily — has added to downward pressure on the white metal.Rising Dollar: A stronger greenback makes the white metal dearer for those holding other currencies. This…

The ISM (Institute for Supply Management) Manufacturing PMI remained in expansion territory in February, registering 52.4%. This decrease of only 0.2 percentage points from January’s 52.6% indicates growth at a slower rate. “Of the five subindexes that directly factor into the Manufacturing PMI, three (new orders, production and supplier deliveries) are in expansion territory, the same as in January. The employment and inventories indexes stayed in contraction, though both improved compared to January,” says Susan Spence, chair of the ISM’s manufacturing business survey committee. A reading below 50% represents contraction. The February new orders and production indexes fell to 55.8%…

Each month, people across the country win money from the investment product issued by National Savings and Investments (NS&I). There were 335 winners across Suffolk in March’s prize draw, with a total of £857,000 won. The highest amount taken home by two people living in the county was £50,000 while a further six people won £25,000. 16 people won £10,000 and 277 scooped up an extra £1,000. It comes after more than £1,000,000 was won across Suffolk in February’s prize draw. Unlike other investments, where investors would earn interest or a regular dividend income, bonds are entered into a monthly…